Price is a president emeritus at Marygrove College in Detroit and sits on the board of directors of Compuware, the Detroit Institute of Arts, the Detroit Symphony Orchestra and the Jewish Fund. In 1999, she was appointed to the Detroit Public Schools state-imposed school board by Mayor Dennis Archer.

FAB members must have at least 10 years of experience with "sophisticated municipal financial transactions, complex multidimensional governmental restructurings, governmental labor relations, health care benefits or pension matters, or local government management," requirements laid out in the financial stability agreement.

The FSA also calls for a program management director, but the position remains open. Snyder and Mayor Dave Bing agreed to extend the deadline until they have finished vetting candidates.